Product description – The product under consideration is “Effect Pearlescent Pigments or Mica Pearlescent Pigments, excluding Effect Pigments for Automotive Applications”. The product is also commercially known as ‘pearl lustre pigments’ or ‘pearl pigments’.
HS Codes – The product is classified under customs heading 3206. The product is also being imported under other HS codes such as : 32041720, 32041739, 32041759, 32041790, 32071040, 32129090 and 32151990. The custom classification is only indicative and the same is not binding.
Uses – The product is an inorganic pigment used as a colouring agent to impart colour and give lustrous/frosted effect for coating, inks, plastic and cosmetic applications
Country Involved – China
Applicant – Sudarshan Chemical Industries Limited
Period of investigation – October 2022 to September 2023
Injury period – Financial Years 2020-21, 2021-22, 2022-23 and the period of investigation
Facts of present case – The application was filed for redressal against subsidized imports of Effect Pigments from China. The evidence submitted by the domestic industry shows that the exporters in China have received countervailable subsidies and such subsidised imports have caused material injury to the domestic industry in India. Imports are causing significant price injury to the domestic industry. This has resulted in deterioration of profitability and returns on investment.